Gold price has peaked

Discussion in 'Gold' started by leon1998, Jan 25, 2017.

  1. leon1998

    leon1998 Member

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    Platinum just hit US$1000 mark, which was a heavy headline resistance.

    The coming FOMC will hear more rate hike talk then BEFORE; time to jump ship.
     
  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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  3. leon1998

    leon1998 Member

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    The forum becomes so quiet.

    Hmmm.... many peeps are NOT happy.
     
  4. Silverthorn

    Silverthorn Well-Known Member

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    good onya leon I'll be able to go back to real coffee at this rate.
     
  5. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    It's hard to level a stage with only a dummer :eek:
    When you become a real drummer please come back & we can then level the stage :D
    Until then
    Your only dribbling from one side & nothing you say makes any sense ;)
    Dribble dribble burp fart
    OOH look it's running down your leg
    Would you like a bib ?
     
  6. sfstacker

    sfstacker New Member

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    I'm actually very happy. I hope gold keeps falling. I plan buying that 100 gram cold combi bar with my next check. I've also got some jewelry to buy and with 80% markup being the minimum for more jewelers I'd be glad if gold falls below 1000
     
  7. clear

    clear Well-Known Member

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    is the gsr still going to 40
     
  8. The_Roll_ Man

    The_Roll_ Man Well-Known Member Silver Stacker

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    We are all trying real hard to ignore you.

    We all know, you only come out of your closet when Gold is temporarily down.

    Everybody knows, you go back into your closet when Gold goes up.

    There's nothing else to say anymore ....
     
  9. bubbleboy

    bubbleboy Member

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    It's all about timing.

    I have some bullion for retirement in two or three decades time.
    That's my timing, what's yours? Three months or three years?

    Timing for traders seems to mean about three seconds to three days. I know rich stackers that consider timing to be for the next three generations of their family.
     
  10. Pirocco

    Pirocco Well-Known Member

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    That seems to be the problem here.
    People that buy/sell on months periods, prediction basis months, without making clear, are interpreted by year and decade term traders.
    Nevertheless, erroneous decisions on the decade(s) term tend to never be corrected. Historically seen, break even is never achieved in real terms (=inflation adjusted). Real loss.
    There is an ever returning behaviour: after every bull market, a price trend has to climb a wall of such bogus break even sales by disappointed people. It takes people decades to forget bear markets. Only when the hard lessons are forgotten, and/or next generations of stupidity arrive, that a next bull market starts.
    We have had high inflation in the 200x years. Things changed. The central planners pushed their monetary brake, and were smart enough to sell it as an easing instead, causing / scaring bank depositors to waste alot savings on frontrunned markets.
    Once enough deposits changed hands to central planners entities, these will switch back to their common practice: inflation targeting as a steady, controlled theft.
     
  11. Gullintanni

    Gullintanni Well-Known Member

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    I am hoping that leon is right as i have had the same thoughts on lower PM prices since last year and am having a go at cashing in on my beliefs.
    I have made it clear i expect silver to drop down to the $14 USD range by March and have sold 1200 OZs since i first mentioned this on SS.
    So if i am right i can buy back in and make around 600 free OZs but if i turn out to be wrong i will take a bit of a bath and be out several grand.
    Live and learn i guess.
    Kinda like betting on a football game but the halves are 2 months long:)
    Good value for money if i think about it like that:)
     
  12. The_Roll_ Man

    The_Roll_ Man Well-Known Member Silver Stacker

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    Where is 'he' ??
     
  13. The_Roll_ Man

    The_Roll_ Man Well-Known Member Silver Stacker

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    Hello ?
    Geez, is Gold STILL UP ??

    Isn't that odd ....
     
  14. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Well if he was betting on his calls, likely he won't have the money to pay for internet and sold his gadgets to pay bills
     
  15. pastey

    pastey Member

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    I'm still waiting for silver to peak at $100/oz
    Signs and Portents
    And yes I have that episode on the dvd box set..awesome...ahh yeh I'm one of those guys that bought alot of silver at $16... :thuglife:
     
  16. tolly_67

    tolly_67 Well-Known Member

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    It still can't break that 1220 mark, not a good sign at the moment.
     
  17. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    "Pride cometh before a fall."
     
  18. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    ^ Am I reading this wrong?? ;)
    [​IMG] [​IMG]
     
  19. SpacePete

    SpacePete Well-Known Member Silver Stacker

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  20. The_Roll_ Man

    The_Roll_ Man Well-Known Member Silver Stacker

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    What "sign" were you reading ?

    Oh, was it the same one as Leon ???
     

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